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JfR

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  1. Like
    JfR got a reaction from Will Hughes Hair in EFL appeal   
    In Birmingham's case, they broke the P&S rules by overspending, and admitted straight away to having knowingly done so. It was a rule break that they knowingly made, but thought the punishment was worth taking. Seeing as they've not been relegated since, it seems to have been the smart call on their part.
    In Wednesday's case, the biggest factor in their punishment was the timeline that decisions were made by the club. Effectively, at the time of the end of the financial window, the club believed that they had broken the spending rules. The stadium sale was actioned after the window had closed, and retroactively applied to the window. Their punishment was applied because the stadium sale was made to "undo" an overspend that they had already anticipated. I believe their panel found that they had been misinformed by the EFL, but it was ultimately irrelevant, because had the EFL informed them correctly prior to the stadium sale, it wouldn't have made a difference: Wednesday would have already have made the financial breach, and they would not have been able to have taken alternative measures to correct this. This resulted in the club having no punishment for misconduct, solely for the overspend.
    If it is the case that the original panel still believes the club acted honestly and in good faith, I would be very surprised to see a particularly substantial punishment handed down by them.
  2. Like
    JfR got a reaction from r_wilcockson in What will our punishment be?   
    Should be noted that Sheffield Wednesday's 6 point (originally 12 point) penalty was for an £18m overspend during the three-year period in question, one that the club was aware of having committed. That would seem a far more serious P&S rule break than what Derby are accused of.
  3. Haha
    JfR got a reaction from jono in What will our punishment be?   
    The EFL push for a retrospective 12 point deduction for last season followed by a 21 point deduction next season
    The commission settle on a £200k fine
  4. Haha
    JfR got a reaction from GboroRam in Keogh Sacked   
  5. Like
    JfR got a reaction from Indy in EFL appeal   
    It's confused me greatly. It's why I'm wondering if the club's method can still be used but only based upon usage and not on resale. I'm not sure what that would look like, though.
    Referring to the original panel's conclusions, it seems the second particular will have only been partially ruled in the EFL's favour:
    "i) the fact that the Club’s amortisation policy during the relevant financial years did not amortise on straight line basis is not contrary to FRS 102" - Still true. Not using a straight line method is not, in itself, a breach of FRS 102.
    "ii) the amortisation schedule does reflect the Club’s expected pattern of consumption of future economic benefits from players’ registrations" - The appeal panel finds this inaccurate, but one would assume that there would be a substantial amount of mitigation in punishment seeing as, like you said, it seems the club, the auditors, the auditor's regulators, and the panel themselves all thought that it did do so.
    It will be interesting to see if the club are forced to move to a straight line method, or if they'll be allowed to use their current method solely based around "use" and not "disposal."
  6. Haha
    JfR got a reaction from DCFCJim87 in What will our punishment be?   
    The EFL push for a retrospective 12 point deduction for last season followed by a 21 point deduction next season
    The commission settle on a £200k fine
  7. Haha
    JfR got a reaction from Deej in What will our punishment be?   
    The EFL push for a retrospective 12 point deduction for last season followed by a 21 point deduction next season
    The commission settle on a £200k fine
  8. Clap
    JfR got a reaction from ariotofmyown in Keogh Sacked   
    It's only a small snippet, but it sounds from the Guardian article that the case wasn't found in his favour due to inconsistency, but solely because they didn't think he'd done anything wrong:
    "The LAC has heard and dismissed an appeal under the regulations of the EFL by Derby against the decision of the PRDC in the case of Richard Keogh. The PDRC held that Mr Keogh had not committed gross misconduct, that he had not brought the club into serious disrepute and that he had been wrongly dismissed by the club."
    From that, it sounds like if all three had been sacked, Keogh would have still have won his case as he "had not committed gross misconduct" and "had not brought the club into serious disrepute". 
  9. Haha
    JfR got a reaction from ariotofmyown in El DerbyCo   
    I've been open minded on Erik so far, but this has tipped me over the edge to being against him. The Matt Southall links, the Indonesian links, the Vox links, the allegations of a lack of money, I could look past them, but there's absolutely no way I want our club ran by someone that uses TikTok.
  10. Like
    JfR got a reaction from RadioactiveWaste in EFL appeal   
    If anyone is interested about FRS 102, here's all 404 pages of it:
    https://www.frc.org.uk/getattachment/69f7d814-c806-4ccc-b451-aba50d6e8de2/FRS-102-FRS-applicable-in-the-UK-and-Republic-of-Ireland-(March-2018).pdf
    Have fun!
  11. Haha
    JfR got a reaction from europia in What will our punishment be?   
    The EFL push for a retrospective 12 point deduction for last season followed by a 21 point deduction next season
    The commission settle on a £200k fine
  12. Haha
    JfR got a reaction from Jourdan in What will our punishment be?   
    The EFL push for a retrospective 12 point deduction for last season followed by a 21 point deduction next season
    The commission settle on a £200k fine
  13. Haha
    JfR got a reaction from Sean in What will our punishment be?   
    The EFL push for a retrospective 12 point deduction for last season followed by a 21 point deduction next season
    The commission settle on a £200k fine
  14. Haha
    JfR got a reaction from RadioactiveWaste in What will our punishment be?   
    The EFL push for a retrospective 12 point deduction for last season followed by a 21 point deduction next season
    The commission settle on a £200k fine
  15. Haha
    JfR got a reaction from hintonsboots in What will our punishment be?   
    The EFL push for a retrospective 12 point deduction for last season followed by a 21 point deduction next season
    The commission settle on a £200k fine
  16. Clap
    JfR got a reaction from Reggie Greenwood in What will our punishment be?   
    The EFL push for a retrospective 12 point deduction for last season followed by a 21 point deduction next season
    The commission settle on a £200k fine
  17. Like
    JfR got a reaction from r_wilcockson in EFL appeal   
    In the original hearing:
    "We heard factual evidence on behalf of the Club by:
      a) Mel Morris. Mr Morris has throughout the relevant period been the owner and Chairman of the Club. He gave evidence about his purchase of Pride Park from the Club and the background to that sale. His witness statement also contained a considerable amount of evidence about the Club’s wider relationship with the EFL – a relationship which he characterises as
        i) Involving ‘dislike’ of him and the Club by the EFL
        ii) Him being an ‘enemy of the EFL state’, and
        iii) The EFL having an ‘axe to grind against [him] personally'"
  18. Cheers
    JfR got a reaction from Norman in EFL appeal   
    In the original hearing:
    "We heard factual evidence on behalf of the Club by:
      a) Mel Morris. Mr Morris has throughout the relevant period been the owner and Chairman of the Club. He gave evidence about his purchase of Pride Park from the Club and the background to that sale. His witness statement also contained a considerable amount of evidence about the Club’s wider relationship with the EFL – a relationship which he characterises as
        i) Involving ‘dislike’ of him and the Club by the EFL
        ii) Him being an ‘enemy of the EFL state’, and
        iii) The EFL having an ‘axe to grind against [him] personally'"
  19. Like
    JfR got a reaction from RadioactiveWaste in EFL appeal   
    In the original hearing:
    "We heard factual evidence on behalf of the Club by:
      a) Mel Morris. Mr Morris has throughout the relevant period been the owner and Chairman of the Club. He gave evidence about his purchase of Pride Park from the Club and the background to that sale. His witness statement also contained a considerable amount of evidence about the Club’s wider relationship with the EFL – a relationship which he characterises as
        i) Involving ‘dislike’ of him and the Club by the EFL
        ii) Him being an ‘enemy of the EFL state’, and
        iii) The EFL having an ‘axe to grind against [him] personally'"
  20. Like
    JfR got a reaction from Tyler Durden in Keogh Sacked   
    They were fined the maximum amount that the club could dish out
    https://www.dcfc.co.uk/news/2019/10/club-statement-7
  21. Haha
    JfR got a reaction from DCFClks in Keogh Sacked   
  22. Haha
    JfR got a reaction from Andicis in Keogh Sacked   
  23. Haha
    JfR got a reaction from Ambitious in Keogh Sacked   
  24. Haha
    JfR got a reaction from Ramarena in Keogh Sacked   
  25. Haha
    JfR got a reaction from Carnero in Keogh Sacked   
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